ElectricPe, an EV charging aggregator startup, has recently secured $3 million in a pre-Series A funding round led by Green Frontier Capital. The round also saw participation from existing investors such as Blume Ventures, Micelio Fund, and NB Ventures. The Bengaluru-based company plans to utilize the funds to strengthen its presence in the sector and expand its services to new locations.
The ElectricPe app enables users to locate, access, and pay for EV charging points regardless of the charging type. In addition to this, ElectricPe operates stores that offer a variety of electric two-wheelers and provides users with EV financing, servicing, and subscription plans.
Sandiip Bhammer, Managing Partner of Green Frontier Capital, expressed his enthusiasm about the investment, stating that ElectricPe’s comprehensive approach to EV adoption aligns perfectly with their investment thesis.
ElectricPe was established in 2021 by Avinash Sharma and Raghav Rohlia. The startup previously raised $5 million in a seed funding round in 2023, with investors including Green Frontier Capital and Blume Ventures. Avinash Sharma, Co-founder and CEO of ElectricPe, stated that the company’s goal is to promote EV adoption by consolidating charging, EV buying, and servicing services into one platform. He also mentioned that this $3 million investment marks the closure of their pre-Series A round at $8 million, which began last year.
In collaboration with Google, ElectricPe is developing a feature that will allow users to view the availability and status of charging points in real-time through Google Search and Google Maps. This feature is expected to be launched soon and will be expanded to other regions in the future.
